Construction stop at the Old Academy and the first bankruptcies in René Benko’s Signa Group: In Munich, there are concerns about years of standstill and dilapidation on huge plots of land in a prime city center location. In addition to the Old Academy on Neuhauser Strasse, this also affects the former Karstadt department store, which stretches from Bahnhofplatz along Schützenstrasse and has been empty since the summer – and which was recently the topic of discussion because homeless people had set up sleeping quarters in the run-down complex. The Signa projects in the city center also include the building at Rosenstrasse 8, where Kaut-Bullinger used to have its headquarters.
Alte Akademie and Galeria: What the Signa bankruptcy means for Munich’s city center – Munich
